Sprott Uranium Miners ETF (NYSEARCA:URNM) Hits New 52-Week Low – What’s Next?

by · The Markets Daily

Sprott Uranium Miners ETF (NYSEARCA:URNM – Get Free Report)’s stock price reached a new 52-week low during trading on Thursday. The company traded as low as $41.35 and last traded at $41.5210, with a volume of 388,156 shares traded. The stock had previously closed at $43.73.

Sprott Uranium Miners ETF Price Performance

The firm has a market cap of $1.62 billion, a P/E ratio of 7.69 and a beta of 1.09. The company’s 50-day simple moving average is $51.53 and its 200 day simple moving average is $55.77.

Hedge Funds Weigh In On Sprott Uranium Miners ETF

Institutional investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. boosted its position in Sprott Uranium Miners ETF by 1.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 16,490 shares of the company’s stock valued at $867,000 after acquiring an additional 220 shares in the last quarter. Rathbones Group PLC grew its stake in Sprott Uranium Miners ETF by 5.4% during the 1st quarter. Rathbones Group PLC now owns 4,650 shares of the company’s stock worth $294,000 after buying an additional 240 shares during the last quarter. Seelaus Asset Management LLC raised its stake in Sprott Uranium Miners ETF by 2.5% in the third quarter. Seelaus Asset Management LLC now owns 11,978 shares of the company’s stock valued at $568,000 after buying an additional 296 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of Sprott Uranium Miners ETF by 157.8% during the first quarter. Sunbelt Securities Inc. now owns 531 shares of the company’s stock worth $34,000 after acquiring an additional 325 shares during the last quarter. Finally, Menlo Advisors LLC grew its position in Sprott Uranium Miners ETF by 0.4% during the 2nd quarter. Menlo Advisors LLC now owns 86,674 shares of the company’s stock worth $4,558,000 after purchasing an additional 370 shares during the last quarter.

Sprott Uranium Miners ETF Company Profile

(Get Free Report)

The Sprott Uranium Miners ETF (URNM) is an exchange-traded fund that is based on the North Shore Global Uranium Mining index, a market-cap-weighted index of global companies in the uranium industry. URNM was launched on Dec 3, 2019 and is managed by Sprott.

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